Toronto Dominion Bank Has $2.38 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Toronto Dominion Bank raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 31.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,569 shares of the company’s stock after purchasing an additional 10,562 shares during the period. Toronto Dominion Bank’s holdings in Dynatrace were worth $2,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TT International Asset Management LTD raised its stake in Dynatrace by 995.8% during the third quarter. TT International Asset Management LTD now owns 91,163 shares of the company’s stock worth $4,874,000 after acquiring an additional 82,844 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Dynatrace during the 3rd quarter valued at approximately $243,000. Geode Capital Management LLC increased its position in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Barclays PLC lifted its stake in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Dynatrace by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 154,868 shares of the company’s stock valued at $8,281,000 after purchasing an additional 10,000 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 3.6 %

NYSE:DT opened at $54.41 on Monday. The firm has a market capitalization of $16.24 billion, a P/E ratio of 98.93, a P/E/G ratio of 8.20 and a beta of 1.01. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The company has a fifty day moving average of $54.71 and a 200-day moving average of $49.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DT shares. JPMorgan Chase & Co. upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital boosted their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Wedbush initiated coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective for the company. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,027 shares of company stock worth $3,168,084. 0.59% of the stock is currently owned by company insiders.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.